Edinburgh office surge

A report this week by Edinburgh property consultant CKD Galbraith indicated that Q3 2013 office take-up in Edinburgh had reached 270,000 sq ft; which is up sharply on previous quarters.

The relocations announced were dominated by five big lettings: 85,000 sq ft at 3 Lochside Avenue to Sainsbury’s Bank; 33,000 sq ft to Jardine Lloyd Thompson at 7 Lochside Avenue; 55,000 sq ft at Capital House to Bank of New York Mellon; 32,000 sq ft at Atria One to PwC and Skyscanner taking a further 10,000 sq ft at Quartermile One. These five deals accounted for 80% of space transacted.

Research by Metropolis suggests there are still some 40 firms searching for space in Edinburgh, however most are looking for below 20,000 sq ft. A number of deals are currently ‘under offer’.

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